Smart FinAdvice: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Smart FinAdvice
Largest movements
- Cash +€51,052
up €51,052 (+24.7%), from €206,332 to €257,384
mainly Net result for the year (+€52,935) and Receivables within one year (+€12,368)
- Receivables within one year -€12,368
down €12,368 (-30.4%), from €40,630 to €28,263
of which Trade receivables: -€12,368
- Financial fixed assets +€4,886
up €4,886 (+30.6%), from €15,982 to €20,868
- Reserves +€52,935
up €52,935 (+29.8%), from €177,627 to €230,563
- Trade debts -€16,193
down €16,193 (-47.1%), from €34,417 to €18,224
- Gross operating margin -€11,012
down €11,012 (-12.4%), from €89,096 to €78,084
- Financial income -€8,559
down €8,559 (-83.8%), from €10,213 to €1,654
- Taxes -€2,903
down €2,903 (-16.7%), from €17,400 to €14,497
- Depreciation +€1,728
up €1,728 (+17.6%), from €9,809 to €11,537
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €300,577 | €341,785 | +€41,209 | +13.7% |
| Fixed assets | 21/28 | €52,961 | €55,424 | +€2,463 | +4.7% |
| Tangible fixed assets | 22/27 | €36,979 | €34,556 | -€2,423 | -6.6% |
| Plant, machinery and equipment | 23 | €3,207 | €4,973 | +€1,766 | +55.1% |
| Furniture and vehicles | 24 | €33,773 | €29,583 | -€4,189 | -12.4% |
| Financial fixed assets | 28 | €15,982 | €20,868 | +€4,886 | +30.6% |
| Current assets | 29/58 | €247,616 | €286,361 | +€38,746 | +15.6% |
| Amounts receivable within one year | 40/41 | €40,630 | €28,263 | -€12,368 | -30.4% |
| Trade receivables | 40 | €39,630 | €27,263 | -€12,368 | -31.2% |
| Other amounts receivable | 41 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €206,332 | €257,384 | +€51,052 | +24.7% |
| Deferred charges and accrued income | 490/1 | €654 | €715 | +€61 | +9.4% |
| Total equity and liabilities | 10/49 | €300,577 | €341,785 | +€41,209 | +13.7% |
| Equity | 10/15 | €178,627 | €231,563 | +€52,935 | +29.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €177,627 | €230,563 | +€52,935 | +29.8% |
| Distributable reserves | 133 | €177,627 | €230,563 | +€52,935 | +29.8% |
| Amounts payable | 17/49 | €121,949 | €110,223 | -€11,727 | -9.6% |
| Amounts payable within one year | 42/48 | €121,949 | €110,223 | -€11,727 | -9.6% |
| Trade debts | 44 | €34,417 | €18,224 | -€16,193 | -47.1% |
| Suppliers | 440/4 | €34,417 | €18,224 | -€16,193 | -47.1% |
| Taxes, remuneration and social security | 45 | €32,078 | €34,488 | +€2,410 | +7.5% |
| Taxes | 450/3 | €27,588 | €27,156 | -€432 | -1.6% |
| Remuneration and social security | 454/9 | €4,491 | €7,333 | +€2,842 | +63.3% |
| Other amounts payable | 47/48 | €55,454 | €57,510 | +€2,056 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,809 | €11,537 | +€1,728 | +17.6% |
| Other operating charges | 640/8 | €268 | €650 | +€383 | +143.1% |
| Gross operating margin | 9900 | €89,096 | €78,084 | -€11,012 | -12.4% |
| Operating profit (loss) | 9901 | €79,019 | €65,897 | -€13,123 | -16.6% |
| Financial income | 75/76B | €10,213 | €1,654 | -€8,559 | -83.8% |
| Recurring financial income | 75 | €10,213 | €1,654 | -€8,559 | -83.8% |
| Financial charges | 65/66B | €200 | €118 | -€82 | -40.9% |
| Recurring financial charges | 65 | €200 | €118 | -€82 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €89,032 | €67,433 | -€21,600 | -24.3% |
| Income taxes | 67/77 | €17,400 | €14,497 | -€2,903 | -16.7% |
| Profit (loss) for the period | 9904 | €71,633 | €52,935 | -€18,697 | -26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €71,633 | €52,935 | -€18,697 | -26.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.